This competitive industry not only requires station owners to address its competitors, it requires owners to address the challenges of fluctuating gas prices, inflating overhead costs and safety aspects. Make sure that your gas station meets the required local, state and federal requirements. Provide the officials with accurate information about your gas station so that they can better assist you. Establish your hours of operation and open promptly at the chosen time.
Strategic Analysis with current research! The Gas Station, Inc. The Company was founded in by John Doe. A vast majority of the revenues not the profits will from the sale of gasoline products and diesel fuel. The third section of the business plan will further describe the services offered by the Gas Station.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the retail management industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Gas Station. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. This is by far the largest revenue center for the business, but it does not generate an overwhelming amount of profit.
The Company will use the gas sales as a primary vehicle for bringing people into the convenience store. The Company will offer an expansive number of these items throughout the location. On each item sold, the business generates approximately 40 cents of operating income.
Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.
The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Gas Station.
Doe intends on using a number of marketing strategies that will allow the Gas Station to easily target men and women within the target market. Foremost, the Company intends to acquire a highly visible retail location from which is can sell its gasoline and convenience store products.
As gas stations typically maintain only minimal marketing campaigns, it is imperative that Mr. Doe choose a location that will be easily seen by passers-by and motorists.
Doe is currently working with a number of real estate agents to find a prime location for the Gas Station. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the gasoline and convenience store products that the Company is selling.
You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically.
This section of the business plan should not span more than 1 page. For each owner or key employee, you should provide a brief biography in this section. The price of oil and its associated refined energy products has hit all time highs, and as such, drivers have reduced their driving to offset these high energy prices.A gas station may be expensive to put up, yet motorists’ inexhaustible demand for fuel makes it quite a viable business.
The business is not likely to go out of style soon, as oil is an essential commodity, but success largely depends on its location. Free Gas Station Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
Aside from the usual business permits and registrations (from the Department of Trade and Industry, barangay hall, mayor’s office, Bureau of Internal Revenue, among others), a gas station proprietor must secure an environmental compliance certificate (ECC) from the .
How To Start An Oil Business in the Philippines (Opportunities from the Big 3) For a long period of the Oil Business in the Philippines was dominated (some say monopolized) Gas Station (includes gasoline, diesel, motor oils, lubes and lubricants, etc). A gas station may be expensive to put up, yet motorists’ inexhaustible demand for fuel makes it quite a viable business.
The business is not likely to go out of style soon, as oil is an essential commodity, but success largely depends on its location. Gas Station Business plan and strategies. 1. Your solution for Gas Station Business. 2.
Marketing Strategies for Your Gas Station Franchise: No matter what part of the country you’re in, you’re bound to find a gas station franchise set up to service motorists.